Upturn or stagnation

Is Germany’s position as an industrial base under threat?

Energy transformation Rhenish district

1 Forecast of the economic growth

2 Gross value creation of industry

3 Decommissioned Prosper-Haniel mine

4 Surface mining of lignite

5 Extraction rates for lignite

6 Crude steel production in the blast furnace

7 Steel production by process

8 Competitiveness of the industry [1]

9 Offshore areas for wind energy

10 Mineral primary resources [3]

11 Process for lithium hydroxide

12 Copper project in the Niederlausitz region [5]

13 Hamburg plant

14 Hattorf potash plant

15 Underground in the salt mine

16 Stade chemicals plant

How is Germany’s doing as an industrial base? Its current standing is hotly contested by politicians. But let’s take a look at the facts. Industry faces enormous changes and strategic decisions are needed for the future. Besides investment, highly qualified specialists are crucial.

1 Development of business and industry in Germany

Germany’s foreign trade is suffering because of the weak global economy. This year, 2024, Germany’s real gross domestic product (GDP) will reach roughly the same volume as the previous year. Moderate growth in consumption has been registered, the rate of inflation fell to 1.6 % in September, energy prices dropped further, but all this contrasts with a substantial decline in investment. In the latest World Economic Outlook (WEO) issued by the International Monetary Fund (IMF), a forecast of 0.2 % economic growth for Germany for 2024 has been...

Issue 09/2010

Russian's resources

Overview of the mining industry in Russia

1 Economic development and raw material exportation Russias economic development is strongly dependent on its mineral resources and on raw materials prices. In 2009 its economic performance declined...

Issue 09/2023 Turn of the times

Development of the mining sector in India

1 Economic development India is now the fifth largest national economy in the world and, with sustained growth, it will rank third behind the USA and China by the end of this decade. Despite...

Issue 07-08/2016

Reorientation of the mining industry

China’s surplus capacities

1 Introduction At the beginning of this year, economic news sources carried the story that China intends to axe about every sixth job in the mining industry due to the substantial overcapacities in...

Issue 07-08/2024 From coal to lithium

What will the future bring for mining in Australia?

1 Overview of Australias mining sector Australia plays a key role in the production of raw materials like iron ore, coal, bauxite, gold, base metals and lithium. In 2023, with an estimated...

Reutilization

Insights into the circular economy

1 Introduction The circular economy is an alternative model to the linear economy and is sustainable. The model is quite simple in theory (Fig. 1), but difficult to put into actual practice. The...